6
THURSDAY, DECEMBER 15, 1988
USED IN THE EVER EXPANDING AND SPORTS RECREATION
"NATURALLY, THIS AMOUNT WILL BE
FINE ARTS AND PROMOTING THE
PROGRAMME OF ACTIVITIES, MRS YIP SAID.
TO CARRY OUT CAPITAL IN THE DAY-TO-DAY
WHILE $297.9 MILLION WILL BE ALLOCATED WORKS PROJECTS, SOME $156.8 MILLION WILL BE SPENT RUNNING OF BOTH THE COUNCIL AND DEPARTMENT BUSINESS, SHE ADDED.
TURNING TO REVENUE, MRS YIP ESTIMATED THAT IT $1,918 MILLION.
WOULD BE ABOUT
BIGGEST SOURCE OF COUNCIL "REGIONAL COUNCIL RATES FLOW, THE INCOME, IS ESTIMATED TO BE AROUND $1,374 MILLION IN 1989-90."
RECEIVE AND FOR THE SECOND CONSECUTIVE YEAR, THE COUNCIL IS TO
MILLION UNDER A THREE-YEAR FROM THE GOVERNMENT A GRANT OF $273.6 FINANCIAL ARRANGEMENT.
ANOTHER MAJOR INCOME THE COUNCIL HAD, MRS YIP INTEREST FROM INVESTMENT OF SURPLUS CASH.
SAID, WAS BANK
AT AN "THE ESTIMATED INVESTMENT INCOME FOR 1989-90 CALCULATED
AMOUNTS ΤΟ $101.4 ASSUMED INTEREST RATE OF EIGHT PER CENT PER ANNUM MILLION," SHE SAID.
DRAFT
LAST BUT NOT LEAST ARE VARIOUS FEES COLLECTS FROM THE PROVISION OF ESTIMATES STAND AT $169 MILLION.
SERVICES
AND CHARGES THE COUNCIL то THE
THE PUBLIC.
POSITION FOR
WAS ESTIMATED
THE
FINANCIAL ON THE COUNCIL'S MRS YIP SAID A SURPLUS OF $566 MILLION 1989.
CURRENT YEAR, BY MARCH 31,
TODAY'S MEETING WAS PRESIDED OVER BY THE COMMITTEE'S
CHAIRMAN,
MR NATHAN MA.
SUPPLIES DEPT CELEBRATES 50 YEARS
THE GOVERNMENT SUPPLIES DEPARTMENT TODAY RECEPTION TO CELEBRATE ITS 50TH ANNIVERSARY.
{THURSDAY}
HOSTED A
STORES, THE DEPARTMENT SUPPLIES DEPOT IN BULLOCK
ESTABLISHED IN 1938 AS THE GOVERNMENT FIRST OPERATED IN WHAT IS NOW THE WATER LANE IN WAN CHAT WITH A MEAGRE STAFF OF 148.
AND IN 1940 STREET IN NORTH POINT
THE BULLOCK LANE PREMISES SOON PROVED INADEQUATE THE GOVERNMENT STORES MOVED INTO NO. 12 OIL WHICH HAS BEEN THE DEPARTMENT'S HEADQUARTERS SINCE THEN.
THE GOVERNMENT